Payment A Day Chapter 16

Bobarella

Rsdiscos Your motivational comments are great each day. I'm glad you feel you are also benefitting from the challenge. You are very right. If I had just paid my mins since Jan it would be barely £200 instead I've managed to kick £1300!

Time_to_face_the_music

Dizzy_Imp wrote: »

What's your new savings account for TTFTM? Are you planning holibobs?

Am trying to be very MSE and look at our savings. Previously I have just used savings accounts that came with our bank but from reading here have realised we could be getting better rates of interest. Beacuse of previous debt we can't get any of the high interest current accounts, so have opened 2 regular savings accounts and future savings PADs will be going to those.

Holibobs coming in July so will need to raid some savings for spends then but there will be a PAD at the end of this month to pay off final balance. Ultimate aim for savings is retirement fund and hopefully a house move with it, fingers and everything else crossed.

Coming up soon to a year debt free anniversary and spending a lot of time thinking about how much life has changed but how the lessons we learned on our DFW journey will never leave us and how grateful we are for that

TTFTM x

kirtsypoos

£15.00 for me today

Congrats on the anniversary TTFTM! x

Calling14

87.00 for me today.

Feeling better seeing my totals moving downwards.

I will try and read through this thread later, feeling guilty I just post and run. Have a great day x

Bobarella

Wow Time to Face the Music congratulations. What was your story in a nutshell?

Calling kicking A today Mrs on the PADS I see


A pontipine tiny PAD of £1 today for me.

I am fed up. However I feel I have taken some control today with my payment and slid my toe under the door of another £100 milestone.

Pip pip

Bob

Calling14

Thanks Bob I need to kick A as cc1 has to go by next month eek.

Agree nice feeling when you drop below another hundred pound milestone.:beer:

Time_to_face_the_music

Bobarella wrote: »

Wow Time to Face the Music congratulations. What was your story in a nutshell?

Do you mean the story of how we got in debt?

In our case, it was a small flood in the bathroom, we woke up to water ankle deep in the bathroom and cascading down the landings and stairs. No worries, we are insured, we thought and so we were.

Only problem was that we were insured for the repairs/replacement to the bathroom, stairs, hall and kitchen, (below bathroom and the ceiling collapsed). What we weren't insured for was discovering that all of the stairs, landings, bedroom floors and joists, basically everything upstairs, had rot and needed to be replaced and that our kitchen, which was an extension, had no supporting beams above the doors and windows. And this was just the start.

We couldn't suddenly find the £37,000 needed to pay for all of this. Our total wages each month and more were going to the builders and we lived in a building site for over 4 months. We turned to our credit cards to live and it didn't help that sometimes we couldn't actually live in the house and when we could, we could not cook, due to having no kitchen, so ate out or bought takeaways.

The banks all wanted to "help" so they "kindly" kept increasing our limits and upping our overdrafts. Then of course when we could only pay the minimum, they started to hike the rates.

The builders moved out and £37,000 of debt soon turned into £82,344 and all of our wages ended up going straight to pay bills and there still wasn't enough. So here we ended up.

Sorry that was a very big nutshell

TTFTM x

Dizzy_Imp

TTFTM - what an awful experience! Was there no way you could have got money from the "builders" who did the extension? I'm sure that shoddy work wouldn't have passed planning regs and is/was dangerous! Having rot in the timbers was an added trauma indeed.

I can empathise with the cost of takeaway foods and other costs like that when you're not able to live in your house, as we are still in the static caravan four months after our flood.

The good news for us is that our insurers are covering all the damage, plus are allowing money to rectify existing issues that could have been made worse by the flood water, which is amazing!

To be able to clear that level of debt takes determination and grit. Good on you. Seriously impressive.

Bobarella

Wow Make the change yes there was no way to make that a short story. I sympathise so much.
I had a very scary horrible experience in 2014 that was basically a flood at my business premises that it turned out I was supposedly under insured for. I lost months of trade and had to battle to the nth degree to get what I was owed. After 3 years of hard work and sacrifice to set up my lovely business I almost lost it all.

Thankfully after a year long battle I was repaid by the insurer.

-Selene

TTFTM I'm so sorry to hear that I echo everything Dizzy's said! Seriously impressive.

Bob what an awful situation for you, but good on you for standing your ground with the insurers



Last night's PAD was a total of £21.26 into my VSP and sealed pot :j